Bitcoin Forum

I sold my bitcoins i had bought at 1000dollars, yes i lost nearly half of my investment, but better than losing it all.
Bitcoins will stabilize around lower than the 500 dollars which would be its true value and it most likely won't rise beyond that number.
I think the best would be to sell now and save whatever you can.

you have no patience

At bitstamp is now ~740$

You're talking crap. Did you bought bitcoins about 1900-2000 if you 'nearly lost half of your investment'? I haven't see it higher than $1200 of $1250 or something.

But please, sell all your coins. It's just better for us, the believers who think this small fluctuation doesn't mean anything, as we can stack up our Bitcoins :) (or are you also following this strategy? That would make sense to post a message like that).

Do what you think is best, but Im afraid your plan Bitcoins stabilizing under 500 is doomed to fail

So you're seemingly brand new to bitcoins, bought at the peak of the bubble and then when it popped you panicked and sold your coins at a loss.  If you lost half your investment that means you sold near $500, its already been back up around $750.

Now you know that bitcoins will stabilize at $500 or just die.  

From what I've seen there have been many bubbles, it goes up and down, but after each drop it eventually goes even higher.  It takes patience and balls of steel, especially if you bought your coins and bought them at a high price.  But it is not a game for everyone.

Glad you sold your coins.  byebye

Do you even know how the market works? What you are saying makes no sense.... at all.....

Well btc have been around the 1000 for the time and only rising the last period so how was i supposed to know that yesterdya, the day i actually bought, was the day that up-rise would cease and it would drop to 500?

I dont think btc will rise to 1000 again.

I think that bitcoins will hit 10,000 USD a coin in a year or two  ;D ;D ;D

Just don't panic when it goes down.

Buying at 1000 and selling at 500 day later, Im affraid, but the bear trapped you

You panicked and sold at the lowest possible.  It's gone back up to $800 since you sold and currently hovering near $750.   Patience.

Like with most investements you need to hold onto them and not be so quick to sell when you see a price fall

Bitcoins has gone through a lot and had ups and downs,  but if you are patient you will make a profit

Buy back before its too late, its rising now :)

If you are not content to wait when necessary, then I have to recommend trying this game:

http://simple.wikibooks.org/wiki/Card_Games/Patience (http://simple.wikibooks.org/wiki/Card_Games/Patience)

The best is look at historical graph of Bitcoin price carefully so you have idea about the price swings before you buy Bitcoin. And these crashes will happen again, but the trend will be upward if you wait, at least I believe

BTC will cost much more than 1000$, be patient.

In the long run, as long as major network problems don't ruin it,  bitcoin should continue to rise because it's supply is defined and actually decreasing.  This is because it's the first of its kind and the crypocurrency that people have heard of.  Alt coins have really never been in the news.   If only I bought when I saw it at $500 last night.

If you aren't need urgent money, you wouldn't have to exchange it now.

You would have kept for more time.

Bitcoin will get lot of occasions to fluctuate and move over 1000$ several times. I suggest everyone don't go rush to sell your coins for loss. Please wait for sometime.

Its on its way back to 500, i would assume it will keep repeating this pattern for a while before finally stabilizing under 500.

I don't think so. $600,- has been always the bottom so far, but I think it won't stay that low. Stabilizing at $800-900 makes more sense in my opinion.

Never let Your emotions to take charge. Unless You can pick up highs and lows which is basically gambling ;).

Accept your mistake and do not repeat it again. It is currently hovering around $700. Sorry if you sold for less.

I sold when it was lower because I thought it was going to go to 0. But even if bitcoin would recover to 1000dollars again, do you think it would take a very long time? Some months or even a year?

It will probably be back within this month, maybe even next week.

You're obviously new, because the Bitcoin always has such fluactuations. It's sad you sold your coins, because I think you were wrong to do that ;). I think it will hit the 1000 dollars again tomorrow or the day after, as it always did when it dropped to $700 / $800.

My idea is to wait, wait and wait for sometime.

Not as an investment, don't exchange your coins for currency now until you are a light hearted person.

I think Bitcoin wil stabilize around 500$ till christmas (new wave of mainstream media articles ended), then it would drop even lower (to 300-400) and it'll be slowly rising in january and will hit 1000+$ in march.

It'll never drop to 100$ cause there's much more media attention nowadays and with more people, more demand and limited supply, price will go up.
Also, bitcoin mining is not "for free" as it was with GPU's and is costly and will remain costly so miners don't sell it at whatever price as some extra money (as was usual few months ago) but will sell it only at price that would atleast cover mining hardware price (decreasing supply).
Also Bitcoin inflation by blocks growth is slowing until it stops (limited total bitcoins).

I believe it'll will rise and before summer holiday, it will hit 2000-3000$ and during summer holidays it will stagnate and eventually drop a little but before next christmas it will rise rapidly again.

Bitcoin will keep rising after some time.

bitmixer, so I need to wait to march before it will be up at 1000dollars again?  is it worth it.

This is just my tip. It might drop and it might rise. Noone knows for 100% sure.

If you have 0.001BTC, don't wait. If you have 20BTC, you might want to wait.

Its returning home. So better to wait for sometime, if you have lot of bitcoins. Neither buy nor sell. Just watch.

If you have been watching the exchange it has been stabilizing around $700/BTC..

I think you'll see a lot of mini-bubbles (much like the last couple of weeks) with spikes and valleys, but over time, they will turn ease with lower spikes and less deep valleys. Where it will stabilize is anyone's guess, but if you're buying and selling in a matter of days or weeks, then you're a speculator who got cold feet. Buy them for the long term and use them to purchase real life goods and services within reason.

Within 2 years, I think you'll be kicking yourself a little bit for selling now (just MHO).

it will be 2K soon  :D

i second that, give it a week. now that it has dropped, allot of ppl will go on a buying frenzy ;)

Not week, but very likely next year  ;)

"The sky is falling"

"sell now"

Etc.

More sellers means cheaper coins.  I agree with OP, PANIC.

Ya I don't think its likely to hit $2k till next year.  The ride will be fun for the next couple months with the people rushing in to make big bucks.

I believe next week will be around $900. I dont see the price above $1,000 anytime soon. The 200-500 dollars is way off imo

Bitcoin technology is still in its infancy. The crazy volatility is expected with any disruptive, potentially paradigm shifting, new technology. When the infrastructure matures and it becomes easier for the general public to buy and secure their coins, the adoption rate will explode and the value will continue rising exponentially. We're just not quite there yet. The recent rise was fueled by speculators in China and the corresponding media attention given to it in other countries. The panic selling is caused by the same thing, mainly fueled by the Chinese government issuing an official statement on how bitcoins will be regulated for now. It is no where close to reaching its full potential. It'll likely take several years until we know its true worth, given that no devastating flaws or exploits are found in the protocol and it doesn't become worthless. Selling your coins right now is an emotional and extremely short sighted decision, in my opinion.

By believers you mean those that think a -50% in price as a small flunctuation... It looks more like beliebers to me  :-[

Why did you buy btc at 1k usd at the first place?
Does not make sense ...

I know this is a newbies section but please spear your groundless speculations, if you have no theory for your speculation then please keep it to your self. There is no such thing as a stabilization when referring to bitcoins, that is if your using proper terminology. Since the amount of bitcoins is constantly increasing, it should of course inflate in an equal pace. Otherwise there would eventually not be any profit in mining and thus the system would come to a halt. So in the rational manner the value of bitcoin should keep rising but perhaps not in the kind of movement we have seen the last couple of weeks but also in the beginning of the year.

Depending on the kind of vision one has regarding bitcoins the value would differ completely. If you see the currency as some kind of substitute to the conventional fiat currencies then the value of bitcoins must rise to a much higher number. Lets say that the we have reached 21 million bitcoins and the value would be 1000 usd, then the total value of all bitcoins would be  21 000 000 000 (21 billion USD). If we compare that to the total value of banknotes and coins in a single nation, lets say Sweden. Sweden has a total value of all banknotes and coins in circulation of 14,8 000 000 000 (14,8 billion USD), which means that after saturated Swedens demand of banknotes and coins the total value of bitcoins would only still be at 6,2 billion USD.

Basically, the value of bitcoins needs to increase significantly inorder to achieve any kind of prosperity.

Bitcoin will probably drop to around $400 and then slowly climb to $1500 over the next year.

It had been around 1k the last perod of time so i never thought it would drop significantly.

It will raise next week and move over 1000$ for sure.

Keep patience. But make your own decision.

Everyone including me, might not give you a perfect suggestion.

All are just thoughts.

As the year end comes, bitcoin doesn't correct itself quickly. It will go higher in next week.

1 month ago the price was less than 200 usd.
Price rise was recent, and not "stable" at all.


:/

It looks like everyone was thinking that it actually makes sense. Before the china announcement that is.

1) Only use money you are prepared to lose - and I mean lose it all.  That way you won't panic when it goes down.

2) You lost about half your money.

3) If you are prepared to lose the other half (see point #1) then buy back in - if not then you are done (until you have some extra money that you are prepared to lose)

4) WAIT.  That is all you have to do.  If you buy back in at $700 you WAIT until it is $1400 then you are pretty much flush.

5) Then the hard part is to figure out when to sell and how much you want to make.

Or  for  part 5 you can just si on them for a very long term investment and make alot of $ ;D just dont look at the daily swings comeback and see the value in 3-4 years. Retirement! :)

I pray it goes to 500!! Would buy a bunch at that price with full confidence it's going to go back to and pass 1k.
Seriously, Please let it hit 500 or less again!... I'm p*ssed that I was asleep when it hit 600! Would have bought then because 650 was my speculated low.

We see it stabalized at 700-750 now. How can you realistically see it dropping to even 600 now??

If the news out of China recently only caused some to Panic Sell and not a real crash that should only show how strong and resilant it has become along with the demand and value it has.

No need for praying.  Bitcoin is going up to $1,000,000 / coin

this is ONLY the beginning
and this latest downslide will look as miniscule as the one in 2011 or April of this year

A mil would be a dream but we have some serious time before that happens. Not saying I don't believe it will get there, I do see some Serious value in the future, just saying it will be a while to that point.

Curious as to what you think... Do you think it will drop again? if so, how low?

u're one of those "panic sell" category , i like you people, i can buy cheap from u :)

1 million usd per btc? Lol.
You should stop dreaming :D

Or maybe he should stop trolling :P

the supply is not decreasing.. it's still increasing. if anything, the demand is outpacing the mined bitcoins though.

He is not the only one. That guy thinks that bitcoin can reach 1m$
http://www.businessinsider.com/hugh-hendry-bitcoin-could-hit-1-million-2013-12#ixzz2mWwXWByB
and this one thinks for 2.8m $
https://bitcointalk.org/index.php?topic=352650.0

One can only dream  ;D

So a few days ago you think BTC price is going up so you bought.  One or two days later the BTC price goes down so you sell out.  (I'm sorry you lost money.)  Then you start a thread here with a provocative and wholly arbitrary subject line regarding bitcoin's price.

I would strongly encourage you to take some time to think seriously and learn about things before you act.  This will enable you to have well formed opinions and not just shift from one groundless view to another which it appears you have done here.  No one knows what the price of BTC will do, like everything else it has advantages and disadvantages, but by having a better understanding you'll have more confidence and ask better questions and hopefully profit.

Good luck!

Isn't that pretty much what happened all over the board? Fortunately things start to become stable now. 700 $ is not a bad price  after all  8)

That is not a very smart move. Bitcoin will be at 1.2k again very soon.

1) Bitcoin isn't dying and more it's alive and kicking.
2) It seems its stabilizing around 900.

How many predictions fail when bears are those who predict

True, very stable price last few days
The price is definitively stabilized above $500

But it isnt rising either. LTC has been at 30 dollars the last days. I dont think it will go above 35 again. And if it does it will probably take along time.

It will take a little more than 2 days to say that the price is stable around 900  ::)

I didn't say it's stable.
And the last moves up and down surely point more to 900 than 500 or .. lets laugh 200.

As we can see Bitcoin has yet again dropped to 650. Will probably drop to 500 soon and stay there and same with the ltc. I think that will be the long term price for btc.

I hope that you are still laughing 3 days later. Because noone else here does  :-\
PS. This is not an i told you so post  :P

What doesn't help one man will help the others.

I call stable price if it holds at least one month...
The stable call was too early

I think it'll stabilize just around 600.

However, after a month or so, prices will go up again. (hopefully  ;))

I really hope so, and quark to be almost as high.

just thinning the herd...that's all...this will weed out the recent speculators and day traders...give them a nice dose to think about before jumping back in again on every news article wowing with incredible price gains in a day.

$200 bitcoins for XMAS...already made my list ;)

Bitcoin price is based on the demand and the higher the demand compared to amount sold will determine the price. bitcoin might or might not stabilize at that price but I doubt bitcoin will be closed due to price fluctuations since it was already like that.

This thread started on the 7 is such a good indicator of how people change their predictions and how they give totally different reasons for it in such a short time.
Really , stick with your predictions for at least one week!

We shall see. IMO, it should be around 600. China have not prohibited the use of Bitcoin except banks. Theres still a huge amount of China adopters.

I have no idea how and where BTC will go, but selling just becouse it drops look quite stupid to me.
You should invest a part of money that u can afford to lose and if u belive in it keep buying when it drop ... this is how works on stock market.

к кoнцy гoдa oн бyдeт пopядкa 100000 бaкcoв

This is really the best strategy I believe. And claiming it must stabilize around 200-500 dollars is bit too early claim

I think there's still a need for BTC particularly on the black market so I can't see it "dying" at least until something else comes along that accepted enough that it can replace BTC.

BTC has wider and wider acceptance over the world. So only ban from all countries or major flaw in the system will stop BTC. If you are buying on the top of the 3rd bubble when you seen how the last 2 ended, that is a poor decision from your site. Do not blame BTC for that

The last 2 showed no matter when you bought it get back to the value you bought and even higher

Bitcoin has already succeeded as proof of concept, but I don't think it's here to stay. Its deflationary nature will prevent it from ever becoming liquid enough as an asset, and the traceability of the transactions can compromise its fungibility.

The first cryptocurrency that achieves those goals (purchasing power stability, cash-equivalent liquidity, and 100% anonymity) will surpass it and become the standard.

It's just stupid to think that bitcoin will stabilize around 200 to 500$. It's so easily affected currency that it can go as high as hell. I think we've all seen it when black markets were dropping down and the price went 10x for a moment. Investing in stocks needs patience and if you don't have any then don't bother in bitcoins.

I dont believe it is posible to have decentralized cryptocurrency without blockchain recording all transactions  :)

I call stable price if it holds at least one month...
The stable call was too early

True, but it might be feasible to incorporate coin-mixing as a default feature of the blockchain.

Well it looks like you were just for a quick cash and once price fell you bailed. This is not played like that.

Bitcoin is not a stock, you wont get dividents, you can only sell or spend your Bitcoin

They didnt just fall, they fell to stay at that level.

I think that the true test of Bitcoin will be long term. Sure, we could debate about how much its value will fluctuate for the next couple of months, but what about 1 year? 2 years? Bitcoin has risen in value substantially since its introduction, and only world events and news will allow it to grow any more. That and the fact that it's getting ridiculously hard to mine. I think within 5-10 years we could see BtC trading at $10,000-$100,000 per coin.

Wild speculations on a very early marketplace.

Could you please explain why $200 is way off, $900 is right, and $1000 is too high?

What about ~90 other altcoins? What makes BTC so special?

I almost would agree with this because generally  (minus huge spikes up) BTC has been increasing linear so I bet it'll "stabalize" around $500 as well +- $50.

I surely disagree with you guys. I cannot understand how you possible can make any relevant predictions for future based on very short period and very volatile market. I hope you are just trolling, otherwise i suggest to read a couple of books of Finance and economics. Of course we cannot now about future prices, but more likely selling when you had lost half of your investment not gonna make you rich...

I don't see the price above $1,500 anytime soon. The 200-500 dollars is way off imo  ::)

Why not $1,500 anytime soon? i guess it depends of what soon means to you but i think we could see it back around 1.5k whithin 2 months, ofc its all speculation and yeah 200-500 is way off.